{"id":3671,"date":"2015-06-15T15:15:55","date_gmt":"2015-06-15T13:15:55","guid":{"rendered":"https:\/\/www.teleforwarding.com\/?p=3671"},"modified":"2021-03-26T13:46:10","modified_gmt":"2021-03-26T12:46:10","slug":"internet-of-things","status":"publish","type":"post","link":"https:\/\/www.tf-usa.com\/blog\/internet-of-things\/","title":{"rendered":"The Internet of Things is about (tele)communication"},"content":{"rendered":"

The Internet of Things. \u00a0IoT.\u00a0 This idea has been floating around blogs and business news for a while now.\u00a0 However, it seems that many people just see it as a buzzword and don\u2019t really understand how to make any sense of it.\u00a0 Well, let\u2019s make it simple for you.\u00a0 Basically, the term<\/a> refers to the idea that more machines will be connected to each other through the internet than people. The Internet of Things is about connectivity that allows tech \u2018things\u2019 to share data without third party (human) interference.<\/p>\n

The internet of things is about telecommunications. It\u2019s key tenet is the communication between devices.<\/em><\/p>\n

In Microsoft\u2019s March\/April 2015 issue of Chief Executive magazine<\/a>, they say that IoT is really about three processes to improve business and data analysis strategies that already exist: information, knowledge, and wisdom.\u00a0 First, you need the information<\/em> from the particular \u2018thing\u2019 that you are interested in \u2013 data that is created and stored within the technology itself.\u00a0 Then, information turned into knowledge<\/em> of the problem that needs to be addressed.\u00a0 Finally, this knowledge leads to gaining the wisdom<\/em> needed to fix the issue and ensure it never happens again.\u00a0 Maybe IoT is not as complicated as it seem\u2026 In the publication, Barb Edson, general manager, marketing, for Microsoft Cloud & Enterprise, says that it is simply \u201cabout taking a step back and understanding how you want to change your business\u201d.\u00a0 Since massive amounts of data are being generated anyway, IoT technologies will merely simplify this process.<\/p>\n

Deloitte\u2019s\u00a0 IoT Ecosystem<\/strong><\/p>\n

Deloitte reports that<\/a> \u201cof 89 IoT implementations by 20 major providers between 2009 and 2013 revealed 65 percent of use cases were focused on cost reduction and efficiency, while 22 percent focused on risk management, with only 13 percent possibly targeting revenue growth or innovation.\u201d\u00a0 There is no surprise that the majority of IoT implementations focus on cost reduction and efficient, or that very little of the implementations target revenue growth.\u00a0 However, with the incredible innovative technology available, it is quite shocking that the focus on risk management is a mere 22 percent.<\/p>\n

Deloitte\u2019s report makes a great case for IoT in risk management.\u00a0 They focus mainly on the fact that employers, employees, and consumers alike expect a certain level of quality when it comes to telecommunications: high speed, uninterrupted, 24\/7, limitless connectivity.\u00a0 Especially in transportation, IoT technologies can be increasingly helpful in minimizing risk as they can send and receive information about things like driver behavior, traffic information (to manage time better), and maintenance updates.<\/p>\n

This all sounds great, doesn\u2019t it? Sure, but something incredibly and increasingly important in this day and age is finding a way to make sure all of these connections are as secure as possible.\u00a0 This is where IoT has come into problems in the beginnings of its inception.<\/p>\n

Hewitt-Packard Internet of Things Research Study<\/strong><\/p>\n

A recent study done by HP uncovers the threats to security that exist within IoT technologies that need to be improved over time, before their implementation.<\/p>\n

An HP Internet of Things study<\/a> looked into the 10 most popular devices in some of the most common IoT niches (such as TVs and home alarms).\u00a0 Of their findings we found the following to be the most interesting:<\/p>\n